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President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the worlds two biggest economies.
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Indian mutual funds experienced a successful July. Equity and debt schemes saw significant investments. Equity funds reached a record high. SIP collections also hit a new peak. Debt funds witnessed a surge in flows. The industry's AUM increased. Sectoral and thematic funds attracted substantial investments. Liquid and money market funds also saw considerable inflows.
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Indian equity indices rebounded strongly, recovering last week's losses, fueled by SBI's impressive Q1 results and optimism surrounding the upcoming Trump-Putin meeting. Short covering was observed ahead of the summit, with PSU banks gaining traction. However, caution remains due to technical indicators and geopolitical factors, including US tariffs on Indian goods.
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News and Media
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